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. >> and protest in tahrir square as anger continues to grow against egyptian president mohammed morsi. we'll have a live report. >> new information on what may have caused a freight train carrying dangerous chemicals to derail in new jersey. >> heather: the clock is winding down to a potential economic disaster. there has been a lot of talk apparently nothing to show for it. democrats and republicans blaming each other nor the standoff with your tax bill riding on the out come. unless an agreement is reached by the end of the month, bush-era tax cuts will expire triggering a rise in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those facing tough times by ending jobless benefits for the long term unemployed. steve is live in washington. where do
process and a power grab by the next president who just took the reins, president mohammed morsi. much more on this coming up in a live report. greg palkot is back on the ground in cairo. we'll talk to greg there. here in newtown, a place residents are proud, they are proud to call this place home. in a moment i'll talk live with one person who lived here their entire life about how the tragedy impacted her and her neighbors as investigators start putting the pieces together [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >> bill: this is a community that will come together in ways it never thought before even imaginable as they gather in churches throughout the weekend dealing with the shock of what happened at sandy hook. it was shock initially. it is a stunned feeling today and i think in some ways that
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